Some “errors” in decision making can be attributed to the notion of decision making from the gut. Explain what is meant by this and how such errors can happen.
Answer to relevant QuestionsDefine scenario. How is a scenario used in decision making?How can sensitivity analysis help in the choice phase?Why is intuition still an important aspect of decision making?Why is it important to focus on the effectiveness of a decision, not necessarily the efficiency of making a decision?What was the process Isle followed to realize EDW? Comment on the potential challenges Isle might have had going through the process of EDW development.
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